CPO Trading Range For The Day Is 511.9-521.7

CPO trading range for the day is 511.9-521.7.

Crude palm oil prices dropped tracking weakness in spot demand amid higher stocks in domestic markets.

Malaysia’s June 1-20 palm oil exports fell 9.5 percent to 897,936 tons compared from 992,313 tons in the corresponding period last month.

Malaysia's palm oil stocks likely hit a 10-month low by end-May, logging a third straight month of fall due to a dip in output and rise in exports.

Crude palm oil prices in spot market gained by 3.10 rupees and settled at 511.70 rupees.

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Nickel Gained As Support Seen After The Port Of Sanshan

Nickel trading range for the day is 896.8-920.4.

Nickel gained as support seen after the port of Sanshan in southern China's Guangdong province stopped accepting scrap metal shipments.

Weakness in the Chinese spot nickel markets is likely to ease a short position squeeze for the July contract on the Shanghai Futures Exchange.

China's net exports of stainless steel in May expanded 3% on the year, to stand at 248,700 mt, the latest customs data showed.

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Silver Dropped As The Dollar Rose Amid Signs Of A Truce In The Sino-U.S.

Silver trading range for the day is 37251-37927.

Silver dropped as the dollar rose amid signs of a truce in the Sino-U.S. trade war.

U.S. Treasury Steven Mnuchin told overnight that “we were about 90% of the way there and I think there’s a path to complete this”.

However, Trump warned thatSIL substantial additional U.S. tariffs could be placed on China if no progress in trade talks is made this weekend.

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Gold Prices Inched Lower Following A Steep Fall In The Previous Session

Gold trading range for the day is 33876-34482.

Gold prices inched lower following a steep fall in the previous session, as investors waited on any Sino-U.S. trade developments later this week.

Washington and Beijing were laying out an agreement that would help avert the next round of tariffs on an additional $300 billion of Chinese imports.

Hedge funds and money managers boosted their bullish stance in COMEX gold in the week to June 18, the U.S. Commodity Futures Trading Commission said.

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Copper Eased Pressured By A Stronger Dollar After Comments From The U.S.

Copper trading range for the day is 409.1-424.5.

Copper eased pressured by a stronger dollar after comments from the U.S. Federal Reserve chairman diminished dovish enthusiasm.

Meanwhile in China, the Shanghai Interbank Offered Rate for the tenor fell to its lowest since June 2009, as liquidity in the banking system remained ample.

The United States hopes to re-launch trade talks with China after their presidents meet on Saturday, but Washington wants Beijing to come back with the promises.

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Zinc Dropped Pressured By A Stronger Dollar After Comments From The US

Zinc trading range for the day is 198.9-207.5.

Zinc dropped pressured by a stronger dollar after comments from the US Federal Reserve chairman curbed rate cut enthusiasm.

Some major smelters were underutilised in the past months environmental restrictions and Zhuzhou relocating its smelters.

China imported 59,300 mt of refined zinc in May, down 23.57% from April but up 0.32% from May 2018, showed data from China Customs.

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Natural Gas Trading Range For The Day Is 156-162.4

Natural gas trading range for the day is 156-162.4.

Natural gas settled flat on projections for only minor changes to previous forecasts for demand to rise over the next two weeks as the weather heats up for the summer.

Pressure seen as near-record production and moderate weather this spring have allowed utilities to inject huge amounts of gas into stockpiles.

Utilities likely added 99 billion cubic feet of gas to inventories during the week ended June 21.

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Crude Oil Prices Rose As Widely-Watched Data Showed U.S. Crude Stockpiles

Crude oil trading range for the day is 3984-4236.

Crude oil prices rose as widely-watched data showed U.S. crude stockpiles fell more than expected.

The EIA said in its regular weekly report that crude oil inventories plummeted by 12.79 million barrels in the week to June 21.

U.S. crude stocks fell last week as refineries reduced crude runs, data from industry group the American Petroleum Institute showed.

Non-OPEC producer Russia, backed by Saudi Arabia, pushed for the meeting to be delayed to see the outcome of the G20 talks.

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Soyabean Gained Amid Fear Of Delay In The Arrival Of Monsoon Rains

Soyabean trading range for the day is 3582-3676.

Soyabean gained amid fear of delay in the arrival of monsoon rains in producing regions. 

However, upside seen limited amid higher supplies in domestic market because of increased 2018-19 output.

As per latest SOPA press release, soybean arrivals for the Oct-Apr period pegged at 81 lt, up by 21.8% on year.

At the Indore spot market in top producer MP, soybean gained 2 Rupees to 3725 Rupees per 100 kgs.

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Zinc Prices Gains Due To Weakness In Dollar Amid Rising Expectations

Zinc trading range for the day is 199.2-208.4.

Zinc prices gains due to weakness in dollar amid rising expectations of interest rate cuts by the US Federal Reserve.

Prices also seen supported due to an unexpected decline in social inventories of refined zinc.

Senior Chinese and U.S. trade officials spoke ahead of talks between Chinese President Xi Jinping and U.S. President Donald Trump set for later this week.

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Silver Dropped After Comments From U.S. Federal Reserve Officials Trimmed

Silver trading range for the day is 37520-38564.

Silver dropped after comments from U.S. Federal Reserve officials trimmed expectations that the central bank will lower interest rates by half a percentage point next month.

The U.S. dollar has been losing ground against its rivals on expectations the Federal Reserve may cut interest rates soon to bolster the world's largest economy.

The Fed signaled a dovish outlook on monetary policy last week, with bond markets expecting the U.S. central bank to cut interest rates by 75 basis points.

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Gold Trading Range For The Day Is 34118-35112

Gold trading range for the day is 34118-35112.

Gold prices climbed as the dollar weakened on prospects of monetary easing by the Federal Reserve.

Dollar slipped to a three-month low on bets that the Fed may lower interest rates before year-end on mounting worries about the fallout from tariff wars.

The standoff between Washington and Tehran, a weaker dollar and dovish signals from major central banks stoked a nearly 10% surge in gold prices so far this month.

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Jeera Dropped On Profit Booking After Prices Gained From Estimates

Jeera trading range for the day is 17005-17475.

Jeera dropped on profit booking after prices gained from estimates of lower output this year.

According to third advance estimates by the government, India's cumin seed output in 2018-19 crop year is 5 lakh tons.

Good news for India's cumin exporters is that its yield in Syria will be lower this year.

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Crude Oil Trading Range For The Day Is 3887-4115

Crude oil trading range for the day is 3887-4115.

Crude oil dropped as market concerns about the possibility of a conflict between the United States and Iran eased

Oil prices surged after Iran shot down a drone that the United States claimed was in international airspace and Tehran said was over its territory.

Russian Energy Minister Alexander Novak said international cooperation on crude production had helped stabilize oil markets and is more important than ever.

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Silver Ended With Gains As A Weaker Dollar And Heightened Tensions

Silver trading range for the day is 37800-38328.

Silver ended with gains as a weaker dollar and heightened tensions between the United States and Iran underpinned the precious metal.

While U.S. President Donald Trump said he was not seeking war with Tehran, U.S. Secretary of State Mike Pompeo said "significant" sanctions on Tehran.

US home sales jumped 2.5% in May, as lower mortgage rates appeared to help buyers overcome affordability challenges.

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Gold Prices Gains As Prospects For Easier Monetary Policy From The Federal Reserve

Gold trading range for the day is 34169-34611.

Gold prices gains as prospects for easier monetary policy from the Federal Reserve and other central banks boosted inflows into the precious metal.

Gold has been gaining since the Fed indicated at its meeting last week that it could cut interest rates, possibly as soon as next month.

Hedge funds and money managers boosted their bullish stance in COMEX gold in the week to June 18, the U.S. CFTC said.

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Turmeric Prices Gained Supported By Improving Export Demand

Turmeric trading range for the day is 6236-6508.

Turmeric prices gained supported by improving export demand and forecast of below normal rains in the turmeric growing areas of the country

Government procurement in some states coupled with improving demand for exports will support price rise.

Turmeric output for 2018-19 crop season which was earlier projected to remain steady at around 11.5 lakh tons

In Nizamabad, a major spot market in AP, the price ended at 6460.4 Rupees gained 40 Rupees.

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Copper Prices Climbed On A Weaker U.S. Dollar As Investors Took Federal Reserve's

Copper trading range for the day is 410.9-422.9.

Copper prices climbed on a weaker U.S. dollar as investors took Federal Reserve's comments as a sign of possible interest rate cuts.

Fed said the case for lower rates was building, suggesting it could ease monetary policy as early as next month

Unions at Chile's Codelco were scheduled to discuss an improved contract offer that the producer hopes will bring an end to a strike at its huge Chuquicamata deposit.

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Silver Trading Range For The Day Is 36996-39154

Silver trading range for the day is 36996-39154.

Silver prices rallied after the Fed held rates and said it will "closely monitor" the economy in light of growing "uncertainties."

The Fed commented about economic "uncertainties" and said it will act as appropriate to sustain economic expansion.

The accompanying statement said the Fed continues to see a sustained economic expansion, a strong labor market, and inflation near its 2% target.

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Gold Prices Surged After The U.S. Federal Reserve Signalled Possible Interest

Gold trading range for the day is 33083-34539.

Gold prices surged after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and U.S. Treasury yields lower.

The Fed said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month.

The bulk of Fed policymakers slashed their rate outlook for the rest of the year by roughly half a percentage point.

U.S. Trade Representative Robert Lighthizer said he will confer with his Chinese counterpart Vice Premier Liu He before next week's meeting.

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Rmseed Trading Range For The Day Is 3885-3941

Rmseed trading range for the day is 3885-3941.

Mustard seed prices dropped on profit booking after prices gains on hopes of meal demand from China as it refused shipment from Canada.

Lower than expected 2018-19 output and increased buying by NAFED gave a boost to prices.

NAFED bought 9.93 lakh tons of mustard seeds as against 8.71 lakh tons during 2018-19 fiscal year.

In Alwar spot market in Rajasthan the prices dropped -115.9 Rupees to end at 4076.5 Rupees per 100 kg.

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Natural Gas Fell On Expectations Weekly Report Will Show A Much Bigger

Natural gas trading range for the day is 156.6-167.2.

Natural gas fell on expectations weekly report will show a much bigger than usual storage build due to mild weather and near record production last week.

Pressure remained on prices as near-record production and moderate weather this spring have allowed utilities to inject huge amounts of gas into storage.

Utilities likely added 106 bcf of gas to inventories during the week ended June 14.

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Silver Prices Remained In Range As Traders Await The Conclusion

Silver trading range for the day is 37121-37491.

Silver prices remained in range as traders await the conclusion of the Federal Reserve’s two-day meeting.

Even as the U.S. central bank left its benchmark interest rate unchanged for now, the shift in sentiment since its last policy meeting was marked.

China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping.

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Gold Prices Remained In Range As Hopes Of A Resolution To The Sino-U.S. Trade

Gold trading range for the day is 32911-33199.

Gold prices remained in range as hopes of a resolution to the Sino-U.S. trade spat and a dovish European Central Bank lifted riskier assets.

The Fed signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks

There are a lot of uncertainties in the market, including tensions in the Middle East and a dovish Fed narrative, which should give support to gold.

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Ref.Soya Oil Settled Up Due To Tight Stocks And Hopes Of Fresh Demand

Ref.Soya oil trading range for the day is 738-746.

Ref.Soya oil settled up due to tight stocks and hopes of fresh demand for festival and marriage seasons.

However, upside seen limited due to higher stocks at port and expectation of higher imports.

The export of oilmeal, dropped 78% to 58,549 tonne during the last month

At the Indore spot market in Madhya Pradesh, soyoil was steady at 761.95 Rupees per 10 kgs.

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Crude Palm Oil Prices Gained Tracking Firmness In Spot Demand

CPO trading range for the day is 511.2-520.8.

Crude palm oil prices gained tracking firmness in spot demand and overseas prices after upbeat official industry data from MPOB.

Malaysian palm oil stockpiles fell to a 10-month low at end-May, according to official data, extending monthly falls since March.

Stockpiles at end-May in Malaysia, fell 10.3% to 2.45 million tonnes from the previous month.

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Silver Gained As The Dollar Weakened Before A U.S. Central Bank Meeting

Silver trading range for the day is 36875-37679.

Silver gained as the dollar weakened before a U.S. central bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.

U.S. Commerce Secretary Ross told that President Donald Trump is "perfectly happy" to impose tariffs on the remaining $300 billion of Chinese imports.

A CME Fedwatch tool puts the probability of a quarter-point interest rate cut by the Fed at 20%, with a 70% probability of a rate cut at its next meeting in July.

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Gold Held Steady As Investors Awaited The Start Of A Two-Day Monetary Policy

Gold trading range for the day is 32723-33409.

Gold held steady as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates.

U.S. Treasury yields fell weighed down by softer-than-expected U.S. economic data and persistent pressure from the trade conflict with China.

Geopolitical tensions heightened, with the Trump administration blaming Iran for an attack on two oil tankers at the mouth of the Persian Gulf.

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Dhaniya Gained Amid Good Demand From The Traders For New Season Crop

Dhaniya trading range for the day is 6778-7234.

Dhaniya gained amid good demand from the traders for new season crop due to uptick in exports and on lower new season arrivals.

Coriander acreage were lower by almost 30-40 per cent due to deficient monsoon rainfall in Gujarat and most parts of Rajasthan

Arrivals in the current year, according to the market sources are lower by about 20-25 per cent at 1.8 lakh tonnes.

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Natural Gas Edged Up On Forecasts For Rising Demand As Exports Increase

Natural gas trading range for the day is 163.5-170.1.

Natural gas edged up on forecasts for rising demand as exports increase and the need for more fuel to meet increasing air conditioning use.

The near-record production and moderate weather this spring allowed utilities to inject record amounts of gas into storage in May.

Output in the Lower 48 U.S. states edged up to a near two-week high of 89.2 billion cubic feet per day from 89.0 bcfd.

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Silver Dropped As Prices Pared Gains After Economic Data

Silver trading range for the day is 36797-37397.

Silver dropped as prices pared gains after economic data gave a solid reading on the economy, dampening hopes for a looser monetary policy from the Federal Reserve.

Earlier prices rallied as renewed trade tensions, underwhelming Chinese industrial output data dented investors' appetite for risk.

Recent soft U.S. economic readings have also boosted expectations of a Fed rate cut.

U.S. retail sales increased in May and sales for the prior month were also revised higher, providing a more upbeat reading of consumer spending.

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Gold Prices Gained As Political Tensions In The Middle East

Gold trading range for the day is 32762-33270.

Gold prices gained as political tensions in the Middle East and weak economic data from China and the United States pushed it above $1,350.

The Federal Reserve will likely cut interest rates this year but not nearly as aggressively as investors expect.

Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases.

Gold production in Russia for the first four months of this year rose to 78.29 tonnes from 70.67 tonnes in the same period a year earlier, Russia's finance ministry said.

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Crude Palm Oil Prices Gained Tracking Firmness In Spot Demand And Overseas Prices

CPO trading range for the day is 495.5-513.3.

Crude palm oil prices gained tracking firmness in spot demand and overseas prices after upbeat official industry data from MPOB.

Malaysian palm oil stockpiles fell to a 10-month low at end-May, according to official data, extending monthly falls since March.


Stockpiles at end-May in Malaysia, fell 10.3% to 2.45 million tonnes from the previous month.

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Aluminium Dropped As The US Dollar Rose As US President Donald Trump Struck

Aluminium trading range for the day is 141.3-143.9.

Aluminium dropped as the US dollar rose as US President Donald Trump struck a slightly more positive tone on the US-China trade war.

China's aluminium production rose by 2.4 percent in May from a year earlier, official data showed.

In the first five months of the year, China produced 14.45 million tonnes of aluminium, a rise of 2.7 percent from the same period last year, the data showed.

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Silver Dropped As Prices Pared Gains After Economic Data Gave A Solid Reading

Silver trading range for the day is 36559-37923.

Silver dropped as prices pared gains after economic data gave a solid reading on the economy, dampening hopes for a looser monetary policy from the Federal Reserve.

Earlier prices rallied as renewed trade tensions, underwhelming Chinese industrial output data dented investors' appetite for risk.

Recent soft U.S. economic readings have also boosted expectations of a Fed rate cut.

U.S. retail sales increased in May and sales for the prior month were also revised higher, providing a more upbeat reading of consumer spending.

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Gold Prices Gained As Political Tensions In The Middle East

Gold trading range for the day is 32759-33487.

Gold prices gained as political tensions in the Middle East and weak economic data from China and the United States pushed it above $1,350.

The Federal Reserve will likely cut interest rates this year but not nearly as aggressively as investors expect.

Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases.

Gold production in Russia for the first four months of this year rose to 78.29 tonnes from 70.67 tonnes in the same period a year earlier, Russia's finance ministry said.

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Mentha Oil Settled Up Amid Improved Demand From Consuming Industries

Mentha oil trading range for the day is 1310.1-1371.3.

Mentha oil spot at Sambhal closed at 1427.90 per 1kg. Spot prices was up by Rs.53.30/-.

Mentha oil settled up amid improved demand from consuming industries at the domestic spot market.

Further, lower arrivals from major producing belts of Chandausi in Uttar Pradesh also supporting prices.

However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

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Nickel Prices Rallied Amid Concerns About Delayed Shipments

Nickel trading range for the day is 851.8-892.8.

Nickel prices rallied amid concerns about delayed shipments of nickel ore on Indonesia floods.

Investors took heart from China's move to ease financing rules to boost local government spending on public works, and a possible cut in U.S. interest rates.

Nickel inventories across SHFE-approved warehouses expanded 4,935 mt on June 13, and this grew uncertainties around prices.

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Silver Prices Climbed As Risk Sentiment Remained Weak And Expectations

Silver trading range for the day is 36500-37424.

Silver prices climbed as risk sentiment remained weak and expectations for a rate cut from the Federal Reserve also provided support.

Government data showed moderate US inflation in May that could increase pressure on the Federal Reserve to cut interest rates this year.

Consumer inflation in China for May rose to the highest in 15 months, driven by higher prices of pork and fruit due to supply issues.

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Gold Prices Rose Supported By Expectations Of An Interest Rate Cut By The U.S.

Gold trading range for the day is 32634-33142.

Gold prices rose supported by expectations of an interest rate cut by the U.S. Federal Reserve following soft inflation data, which also weighed on the dollar.

U.S. President Donald Trump declined to set a deadline for levying tariffs on another $325 billions of Chinese goods and called the relationship with Beijing good.

Data from the Labor Department showed U.S. consumer prices barely rose in May, pointing to moderate inflation.

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Crude Oil Dropped Weighed Down By A Weaker Oil Demand Outlook

Crude oil trading range for the day is 3503-3735.

Crude oil dropped weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts.

U.S. Energy Information Administration cut its 2019 world oil demand growth forecast by 160,000 barrels per day to 1.22 million bpd

In its monthly forecast, the agency cut its oil demand growth estimate for 2020 by 110,000 bpd to 1.42 million bpd.

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Jeera Ended With Gains On Low Level Buying As Demand Rose In Spot Market

Jeera trading range for the day is 17290-18200.

Jeera ended with gains on low level buying as demand rose in spot market after prices dropped amid higher output hopes.

India's cumin seed output in 2018-19 crop season is 5 lakh tons, down 36.3% than the previous year's production of 7.85 lakh tons.

India’s cumin seed output is set to touch 4.16 lakh tonnes for 2019, about 9% higher than the previous year.

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Silver Trading Range For The Day Is 36580-37046

Silver trading range for the day is 36580-37046.

Silver gained as the dollar hung near an 11-week low weighed by expectations the U.S. Federal Reserve could cut interest rates some time in the next few months.

On the data front, US producer prices rose for a second straight month in May, though pressure on prices remained tepid.

Investor focus is now on the Fed's next policy meeting on June 18-19 and what kind of signals the central bank could offer on the direction of monetary policy.

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Gold Prices Rose As Worries Over U.S.-China Trade War Flared Up

Gold trading range for the day is 32582-32930.

Gold prices rose as worries over U.S.-China trade war flared up, curbing risk appetite and increasing the appeal of safe-haven bullion.

Prices seen supported as both warring factions in the Sino-U.S. trade tussle engaged in another round of heated exchanges.

Trump also emphasised that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points."

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Zinc Prices Gained After The US-Mexico Trade Discussion

Zinc trading range for the day is 203.1-209.7.

Zinc prices gained after the US-Mexico trade discussion and upbeat Chinese trade data boosted market sentiment.

Zinc’s upside seen limited on the anticipation of higher inventories on greater supplies from Chinese smelters.

China said that it will allow local governments to use proceeds from special bonds as capital for major investment projects, in a bid to support the slowing economy.

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Rmseed Trading Range For The Day Is 3861-3931

Rmseed trading range for the day is 3861-3931.

Mustard seed settled flat as demand from millers remained dull in physical.

Demand hope of rapeseed meal from China as the Asian nation is facing shortage of meal also supported prices.


Mustard output may be lower than earlier estimates due to adverse weather conditions during March.

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Silver Gained Buoyed By Concerns Around U.S.-China Trade Relations Amid

Silver trading range for the day is 36320-37036.

Silver gained buoyed by concerns around U.S.-China trade relations amid expectations of an interest rate cut by the U.S. Federal Reserve.

Data showing an unexpected growth in China's exports too contributed to the improvement in risk sentiment.

The JOLT from the Labor Department showed that US job openings slipped to a seasonally adjusted 7.4 million from 7.5 million in March.

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Gold Held Steady As Washington’s Fresh Trade Threats Against China

Gold trading range for the day is 32389-32827.

Gold held steady as Washington’s fresh trade threats against China eclipsed investor optimism spurred by a U.S.-Mexico deal.

Markets took heart from a deal between the United States and Mexico to avert yet another tariff war late last week.

U.S. President also warned that if a portion of the U.S.-Mexico deal, which requires ratification by Mexican lawmakers, was not approved, “tariffs will be reinstated”.

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Turmeric Settled Down Due To Weak Demand And Rise In Supplies

Turmeric trading range for the day is 6620-6916.

Turmeric settled down due to weak demand and rise in supplies.

Turmeric prices have been correcting due to sufficient availability of stock with farmers.

However, improvement in export demand and subdued rains in the turmeric growing areas of the country limited the downside.

In Nizamabad, a major spot market in AP, the price ended at 6675 Rupees remains unchanged at0 Rupees.

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Copper Rose After Washington Struck A Deal To Avert A Tariff War With Mexico

Copper trading range for the day is 403.1-414.3.

Copper rose after Washington struck a deal to avert a tariff war with Mexico, boosting sentiment on trade and helping ease concerns about a global slowdown.

China's unwrought copper imports fell 10.9% from the previous month to 361,000 tonnes in May, according to official customs data.

Unions at Chile's Chuquicamata copper mine expressed disappointment in state-run miner Codelco's latest contract offer but agreed to extend negotiations.

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